The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-04-01

Am Cotton Oil Trust..5l bid, 523 asked
Brush Electric Light-.36 bid, e. asked
i. III. Electric Light. -. bid, 100 asked
Valley Ice Co......... -. bid, IS asked
Memphis Elevator. -. 100 bid, e. asked
Memphis Brick Co.. 1924 bid, 1914 ssked
Memphis AbstrsctCo. 125 bid, e. asked
Tenn. Val. l. & R. Oo.-l5 bio, rs asked
Florence L. & NJ. Co.. 22a bid, rs asked
Tenn. Coal and Iron-.. 46 bid, So. asked
Memphis Water Oo-99} bid, 100 asked
New YORK, March 3l.-Money on
call ruled higher, ranging from eos
per cent; last loan, u per cent /;
closed at 7 per cent. Prime mercan.
tile paper, 5366a per cent. Sterling
exchange dull but steady at 4S4i for
sixty days and 4S6f for demand.
Bonds - Government bonds were
dull, but firm. State bonds were
dull and steady.
Stocks-The upward movement in
stock market was resumed today, aud
the steady appreciation OF values met
with no setback Of importance through
cut the entire day. Notwithstanding
the fact that money rules higher than
it has yet done, and the fear of string
emit money to some extent, restricted
speculation, strong and even bouy-
ant tone was developed late In the
day, and the general distribution OF
the trading was a marked feature.
London was not an important factor,
although it had buying orders in sew
eTal OF the low priced shares, psrticu-
lsrly the Gould stocks. An unusual
increase OF buying orders from Chi
cago was noticed, and the belief be-
came general upon the street that a
strong bull pool had been formed
which began operations today. As
was to be expected, st. Paul was
m 7de first favorits and it led the en-
tire market in activity and strength.
The other grangers responded, al
though their movement was much
le 8 important than that in the first.
named stock. All the speCislties
were moro animated and stronger
and Richmond aud West.P oint, Union
Pacific and Western Union were
s. ecially prominent in the last hour.
Among the low priced shares Fort
Worth and. Denver again commanded
the most attention, although its net
movement Tor the day wss insignifi
cant. The opening was compare
lively quiet but firm at advances OF
small fractions over last evenings
final figures. There was no special
feature in the trading in the first hour,
but the entire list made further slight
advances. After that time, however,
St. Paul suddenly sprang into
activity aud quickly advanced l
per cant. There wa, noticeable
increase in the amount OF business
done over the entire list, and the up.
ward movement continued. In the
afternoon there was less animation in
the market and the high prices Of the
morning were not maintained, Fort
Worth developing decided weakness.
Toward the last hour, however, there
was renewal OF the confident buying,
and the close was moderately active
and strong at the best pric % OF the
day. Toe entire active list, with tho
exception of Pacific Mail, Ia higher
this evening, and st. Paul is up Il,
Union Pacific II and Wabash pre-
lCIItu II. hallTOdu JULIUS WoIO mOu-
6rately active, and Erie seconds again
came to the front, with sales of 1884,
900 out of total days business of
81, sos, 900. Closing prices generally
show advances, but in few instances
they are for moie than fractions. De-
troit, Bay City and Alpena frsts rose
I, to 107; Houston, Texas and Waco
rs, coupon off, 2, to l15, and Wabash
general trust receipts 4, to 80.
Ths total sales Of stocks today were
3lS,4S5 shares, including: Delaware,
Lackswanna and Western (ex-divi-
dend), 14,l00; Erie, 1906; Missouri,
Kansas and Texas, 6l60; Lake Shore,
1850; Louisville and Nashville, $500,
Northwestern, $500; Jersey Central,
4420; OHIO aad Mississippi 1920; Ore
gon Transcontinanta', $3.50; Reading,
$780, st. Paul, 72,755; st. Paul and
ON abs, $500; Texas Pacific, 1000;
Union Psc'fic, 1866: Western Union,
I0,103; Wabash Pacific, APO. Closing |
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